$100 Oil to Play Spoil Sport?

Paris-based International Energy Agency (“IEA”) has raised its 2010 and 2011 world oil demand outlook, citing the impact of buoyant global economic growth and frigid weather conditions in the northern hemisphere. In a report, the energy-monitoring body of 28 industrialized countries estimated that global oil demand would increase by 1.6% (or 1.4 million barrels per [...]